MakeMyTrip Limited (MMYT) Income Statement
MMYT FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsMMYT revenue and net income
Where MMYT's revenue goes
FY2026Each bar shows an amount and its share of revenue. MMYT kept 5.0% of revenue as net income.
MMYT profit margins
MMYT growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.7% | +20.7% | +44.9% | +12.0% |
| Gross profit | −17.1% | +12.0% | +32.8% | +13.2% |
| Operating income | +28.4% | +86.8% | — | — |
| Net income | −45.5% | — | — | — |
| EPS (diluted) | +17.3% | +51.4% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MMYT quarterly EPS vs estimates
MakeMyTrip beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.36).
MMYT income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.04B | $978.3M | $782.5M | $593.0M | $303.9M | $163.4M | $511.5M | $486.0M | $675.3M | $447.6M |
| Cost of revenue | $460.5M | $274.3M | $215.1M | $177.6M | $58.8M | $22.3M | $154.3M | $173.4M | $175.9M | $173.9M |
| Gross profit | $583.5M | $704.0M | $567.4M | $415.5M | $245.2M | $141.1M | $357.2M | $312.6M | $499.4M | $273.7M |
| Research & development | — | $6.0M | $6.7M | $6.9M | $9.1M | — | — | — | — | — |
| Sales, general & admin | $405.8M | $388.1M | $322.7M | $245.1M | $178.1M | $135.6M | $312.6M | $325.5M | $586.9M | $317.8M |
| Total operating expenses | $429.5M | $584.1M | $502.2M | $391.9M | $275.5M | $208.8M | $786.6M | $346.7M | $601.5M | $331.0M |
| Operating income | $153.9M | $119.9M | $65.2M | $23.6M | −$30.4M | −$67.7M | −$429.4M | −$152.9M | −$219.4M | −$135.4M |
| Interest income | $27.1M | $28.3M | $24.3M | $11.0M | $10.0M | $12.1M | $3.3M | $6.5M | $5.2M | $2.8M |
| Interest expense | $104.8M | $17.7M | $17.7M | $17.3M | $15.3M | $4.4M | $6.1M | $730,000 | $911,000 | $14.8M |
| Income before taxes | $78.4M | $115.9M | $92.9M | −$12.1M | −$46.7M | −$60.5M | −$447.5M | −$168.6M | −$220.1M | −$110.1M |
| Income taxes | $26.7M | $20.6M | −$123.8M | −$976,000 | −$1.1M | −$4.5M | −$29,000 | −$740,000 | $91,000 | $193,000 |
| Net income | $51.8M | $95.1M | $216.8M | −$11.3M | −$45.4M | −$55.6M | −$447.8M | −$167.8M | −$218.4M | −$110.2M |
| EBITDA | $211.0M | $159.9M | $137.9M | $31.7M | −$2.0M | −$23.6M | −$411.0M | −$141.5M | −$189.4M | −$87.0M |
| EPS (diluted) | $1.63 | $1.39 | $1.05 | $0.47 | −$0.41 | −$0.23 | −$0.98 | −$1.11 | −$1.68 | −$1.88 |
| Gross margin | 55.9% | 72.0% | 72.5% | 70.1% | 80.7% | 86.4% | 69.8% | 64.3% | 74.0% | 61.1% |
| Operating margin | 14.7% | 12.3% | 8.3% | 4.0% | −10.0% | −41.4% | −83.9% | −31.5% | −32.5% | −30.2% |
| Net margin | 5.0% | 9.7% | 27.7% | −1.9% | −14.9% | −34.0% | −87.5% | −34.5% | −32.3% | −24.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $285.6M | $250.1M | $295.7M | $229.3M | $268.8M | $245.5M | $267.4M | $211.0M | $254.5M | $202.9M | $214.2M | $168.7M |
| Cost of revenue | $82.7M | $104.4M | $87.9M | $51.5M | $74.9M | $62.1M | $77.4M | $49.8M | $85.1M | $52.9M | $62.4M | $40.3M |
| Gross profit | $202.9M | $145.8M | $207.8M | $177.8M | $194.0M | $183.4M | $190.0M | $161.2M | $169.4M | $150.0M | $151.8M | $128.4M |
| Research & development | — | — | — | — | — | — | — | — | — | $6.7M | $6.7M | — |
| Sales, general & admin | $136.4M | $150.8M | $92.5M | $78.4M | $84.1M | $147.6M | $87.1M | $75.2M | $78.3M | $126.6M | $71.6M | $60.0M |
| Total operating expenses | $159.2M | $105.7M | $166.9M | $143.4M | $153.6M | $152.1M | $155.3M | $135.1M | $141.6M | $133.3M | $129.2M | $121.7M |
| Operating income | $43.7M | $40.1M | $40.9M | $34.4M | $40.4M | $31.2M | $34.7M | $26.1M | $27.9M | $16.7M | $22.6M | $6.7M |
| Interest income | $6.7M | $6.5M | $6.8M | $7.2M | $6.8M | $7.2M | $6.6M | $7.3M | $7.2M | $6.7M | $7.7M | $5.5M |
| Interest expense | $35.0M | $16.6M | $34.5M | $43.1M | $10.8M | $7.5M | $11.4M | $7.8M | $5.5M | $32.9M | $6.2M | $9.9M |
| Income before taxes | $15.4M | $30.3M | $13.2M | −$1.4M | $36.4M | $31.0M | $29.9M | $25.6M | $29.5M | $48.0M | $24.2M | $2.2M |
| Income taxes | $6.3M | $6.0M | $5.9M | $4.3M | $10.6M | $1.7M | $2.8M | $7.6M | $8.5M | −$123.9M | −$48,000 | $184,000 |
| Net income | $8.3M | $24.2M | $7.2M | −$5.6M | $25.9M | $29.2M | $27.0M | $17.9M | $21.0M | $172.0M | $24.3M | $2.1M |
| EBITDA | $57.0M | $53.6M | $54.7M | $48.6M | $54.3M | $30.2M | $48.1M | $40.0M | $41.7M | $51.5M | $37.1M | $18.9M |
| EPS (diluted) | $0.48 | $0.32 | $0.52 | $0.37 | $0.42 | $0.25 | $0.39 | $0.36 | $0.39 | $0.38 | $0.35 | $0.02 |
| Gross margin | 71.1% | 58.3% | 70.3% | 77.5% | 72.1% | 74.7% | 71.1% | 76.4% | 66.6% | 74.0% | 70.9% | 76.1% |
| Operating margin | 15.3% | 16.0% | 13.8% | 15.0% | 15.0% | 12.7% | 13.0% | 12.4% | 10.9% | 8.2% | 10.6% | 4.0% |
| Net margin | 2.9% | 9.7% | 2.5% | −2.4% | 9.6% | 11.9% | 10.1% | 8.5% | 8.3% | 84.8% | 11.3% | 1.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MMYT's financial statements (latest annual report filed July 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MMYT financial results
In fiscal year 2026 (ended March 31, 2026), MakeMyTrip reported revenue of $1.0 billion, up 6.7% from the year before. It had net income of $51.8 million (down 45.5%), a net profit margin of 5.0%. Diluted earnings per share came to $1.63. Over five years revenue grew at an average rate of 44.9% a year.
See the MMYT stock overview for the latest quote and news, or the MMYT chart for price history and technical indicators.
MMYT income statement FAQ
What is MakeMyTrip's annual revenue?
MakeMyTrip reported total revenue of $1.0 billion for fiscal year 2026, which ended on March 31, 2026. That was up 6.7% from $978.3 million the previous year.
Is MakeMyTrip profitable?
Yes. MakeMyTrip reported net income of $51.8 million in fiscal 2026, a net profit margin of 5.0%; its operating margin was 14.7%.
What is MakeMyTrip's gross margin?
MakeMyTrip's gross margin was 55.9% in fiscal 2026: for every $100 of revenue, MakeMyTrip kept $56 after the direct cost of its products and services.
How fast is MakeMyTrip growing?
Revenue grew 44.9% a year on average over the last five fiscal years, from $163.4 million to $1.0 billion.
What are MakeMyTrip's earnings per share?
MakeMyTrip earned $1.63 per diluted share in fiscal 2026, compared with $1.39 a year earlier.
When will MakeMyTrip report its next earnings?
MakeMyTrip is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 before the market opens.
When does MakeMyTrip's fiscal year end?
MakeMyTrip's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on July 27, 2026.